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See the article here: Japan Manufacturing PMI Borders on Contraction as New Export Orders Plunge
Read more here: Parade of Fed Parrots Squawk About Rate Hikes This Year; Toss Out the Script
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Philadelphia Fed Manufacturing Survey "Something Very Wrong" Some are just beginning to figure out there are manufacturing sector troubles.
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Original post: Shocking Weakness in Empire State Manufacturing Report
Please consider Don’t Fret About the Data, China’s GDP Forecast to be Good News . “ The focus for the month of September will be strengthening economic propaganda and . . . promoting the discourse on China’s bright economic future and the superiority of China’s system ,†the party’s propaganda department said in a directive to national media outlets
0.035 Baby Steps Plotted Fed fund futures imply a very slow tightening of 3-6 basis points a month. The only exception is January to February of 2017 where the incremental rise is 8 basis points (0.080 percentage points). The Fed does not set policy every month.
China manufacturing and services are both in contraction at the fastest rate since early 2009. The Caixin China General Manufacturing PMI shows operating conditions deteriorate at fastest rate since March 2009.